12th May, 2014
Chinese COLOR SORTER as low as Pak Rs 22 Lakh Only A Time Limited Offer Contact: Cell: 0300 414 3493
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
Share developments in RICE and allied sectors, Promote the Concept of Knowledge Economy Dear Sir/Madam,
YOUR IDEA has a great worth---JUST share it through RICE PLUS 10000+ stakeholders of rice industry read & apply various ideas and analysis written by the authors.
Be the part of Rice plus authors Visit: www.ricepluss.com,www.publishpk.net mujahid.riceplus@gmail.com riceplus@irp.edu.pk
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
TOP Contents - Tailored for YOU Latest News Headlines… Rice or wheat? How grains define cultural identity
A ―rice theory,‖ described in the journal Science, holds that people who traditionally grow paddy rice become more collective and holistic over time because of the intense labor involved and the need for cooperation among neighbors. ©CHAIWATPHOTOS /shutterstock.com
Ever wondered why cultures can be so different, with Westerners more focused on the individual than people in the East?.Psychologists said Thursday that the divide may come down to which crops are historically farmed in different regions.This ―rice theory,‖ described in the journal Science, holds that people who traditionally grow paddy rice become more collective and holistic over time because of the intense labor involved and the need for cooperation among neighbors.In contrast, those who live in regions that grow wheat think more independently and analytically, in large part because the crop requires half the labor and not nearly the same need for cooperation as rice, researchers argued.
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
―We propose that the rice theory can partly explain East-West differences,‖ said the study led by Thomas Talhelm, a University of Virginia doctoral student in cultural psychology.―You do not need to farm rice yourself to inherit rice culture,‖ he added.Since a host of differences exist between cultures across the world and could be linked to religion, politics, climate or technology, researchers decided to narrow their focus to China, where the Yangtze River roughly divides the wheat-growing north from the rice-growing south.Researchers tested 1,162 Han Chinese — China’s majority — students from six different locations using measures of cultural thought, implicit individualism and loyalty or nepotism. Some tasks involved picking two related objects from a basic diagram of a person’s social circle; and dealing with friends versus strangers in a business transaction.They found that people in rice-growing regions tended to choose more abstract pairings, while people from wheat cultures tended to pick more analytical pairs.People from rice-growing regions tended to draw themselves smaller than wheat-region people when constructing diagrams of social networks, suggesting wheat people saw themselves as more important than others.Those from rice provinces were also more likely to reward their friends and less likely to punish them, showing how the ties within the group prevailed in social and business interactions.―It’s easy to think of China as a single culture, but we found that China has very distinct northern and southern psychological cultures and that southern China’s history of rice farming can explain why people in southern China are more interdependent than people in the wheat-growing north,‖ said Talhelm. He said he first noticed differences in outlook and attitude while studying in China for several years from 2007.Co-authors on the study came from Beijing Normal University, South China Normal University, and the University of Michigan, Ann Arbor.The study also found evidence that more successful patents for inventions came from areas where less rice was grown, signaling a potential link between wheat growing and innovation.―This doesn’t nail it, but is consistent with the broader idea and will no doubt drive much future inquiry,‖ said an accompanying Perspective article in Science by Joseph Heinrich of the University of British Columbia.
Farmer educates consumers about GMOs “I just talk to people about the truth of the matter, from my perspective,” says Mike Petefish, Claremont, Minn. Photo: Susan Winsor
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
Setting the record straight, from a farmer’s perspective, is all in a day’s work for Claremont, Minn., farmer Mike Petefish.hen a group of antiGMO activists confronted somecorn farmer s at a convention, he calmly approached them to present the scientific facts on GMOs. It comes naturally to him, given his personality and education. With degrees in plant genetics and agronomy, ―I have science on my side,‖ he says. But Petefish was surprised that day how ill informed some of his fellow farmers were. When several farmers asked the activists, ―What is a GMO?‖ and upon hearing their reply said, ―Well, that doesn’t sound too safe. ―Food safety and GMOs are one of the biggest issues facing our industry, so I see this as a good investment of time when someone bashes my occupation and my lifestyle,‖ Petefish says.The 29-year-old farmer has an undergraduate degree in Plant Breeding and Plant Biology and a Master’s in Agronomy. I just talk to people about the truth of the matter, from my perspective,‖ he says.It’s uncommon for a young person to step forward that eagerly, says Petefish’s neighbor, farmer/volunteer Bruce Schmoll, who described a similar, exchange that he observed: ―At a recent volunteer food-shelf event in Minneapolis, a volunteer said that the food shelf shouldn’t include GMO-containing foods. Her feet were pretty dug in on the issue. Mike explained that he’s a fifth-generation farmer, and cited examples of beneficial GMO-related materials like insulin and organic farmers’ approved use of Bt as a biopesticide. ―By the time Petefish finished visiting with her, the anti-GMO Mom had done a 180-degree turnaround,‖ Schmoll says. ―Most farmers don’t want to leave their comfort zone; it’s not in our nature. But Mike breaks the mold.‖That’s one reason why Schmoll recommended Petefish, a fellow Dodge County Soybean Association
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
director, for an American Soybean Association/DuPont Pioneer Young Leader program to build on these communication strengths. Program graduates will ultimately be in a talent pool for long-term national association leadership roles.―This next lull in agriculture will separate the tractor drivers from the farm managers,‖ Petefish says of the potential for farmers to step up and discuss key issues with consumers.
Farming differences are the key to East West split JOHN VON RADOWITZ – PUBLISHED 10 MAY 2014 02:30 AM
FARMING methods may explain the psychological differences between East and West, a study has found.Scientists have long wondered why people living in the US and Europeand China and other countries in Eastern Asia are so culturally far apart. While Westerners are known for their individualism and analytical thinking, eastern culture tends to be interdependent and holistic.
Theories explaining the differences have included wealth and education fuelling individualism in the West, and high rates of infectious disease in the East causing people to be wary of outsiders and more collectivist. But the real reason may simply be the way people at both ends of the world cultivate rice and wheat, say the scientists.Paddy rice cannot be grown without ample supplies of water, forcing neighbours to work together to irrigate their crops; while wheat farmers can rely on the rain and operate much more independently. Press Association
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
ORYZA.COM NEWS Oryza U.S. Rough Rice Recap - Market Unchanged Despite Increase in Ending Stocks May 09, 2014
The U.S. cash market held steady today despite the fact that the USDA WASDE report decreased their old crop long grain exports by 1 million cwts which in turn increased their long grain ending stocks projection by the same amount. The USDA also took their first shot at their 2014/2015 estimate, pegging next year’s long grain production, domestic use, exports, and ending stocks at 161.0 million cwts, up 22% from last year, 101.0 million cwts, up 11%, 72.0 million cwts, up 13%, and 24.3 million cwts, up 40%, respectively. As of today, old crop offers could still be found around $16.05 per cwt fob farm (about $354 per ton) for MayJune shipment although most seller price ideas are considerably higher.As for bids, most larger mills decreased slightly today to around $15.20 per cwt (about $335 per ton) for May delivery while bids for exporters decreased slightly to around $15.50-$15.75 per cwt (about $342-$347 per ton), for the same delivery period, however both bids are not receiving much interest as smaller mills are said to be bidding around $16.10 per cwt (about $355 per ton) for prompt delivery. Tags: U.S. rice prices; U.S. rice market
Political System Implodes; What’s Next? The Oryza White Rice Index, a weighted average of global white rice export quotes, ended this week at about $451 per ton down about $1 per ton from a week ago, unchanged per ton from a month ago and down about $40 per ton from a year ago.According to FAO’s biannual report on food, rice prices may climb as importers return to the market to buy more rice while an El Niño weather phenomenon raises concerns about production in Asia – especially India. Global rice stocks are expected to rise for the ninth consecutive year, reaching about 180.9 million tons in 2013-14. However, ending rice stocks are expected to decline by about 0.4% to 180.1 million tons from last year. Global milled rice production is also expected to increase in 2014-15 to about 501.1 million tons, about 1% more than the estimated 496.9 million tons produced in 2013-14; the tepid production growth is due to the expectation of El Niño later this year. Most analysts project Thailand will regain market share this year and Vietnam and India rice exports are likely to decline.FAO predicts rice production in Indonesia, Bangladesh, Vietnam, Myanmar, the Philippines, Pakistan, and Cambodia will increase in 2014-15, while production in Sri Lanka, Japan, Laos, and Thailand is expected to decline. Rice production in Africa is expected to grow about 3% y/y to 18.4 million tons, according to FAO. Rice production in the EU is also expected to increase about 3% y/y. Rice production in Latin America
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
and the Caribbean is expected to increase about 3% from last year to 19.5 million tons in 2014-15, according to FAO. In North America, rice production in 2014-15 is expected to increase by about 12% from last year, according to the FAO. FAO predicts that rice production in Australia in 2014-15 will decline about 22% from last year.
Thailand Thailand 5% broken rice quotes are today shown at about $375 per ton, unchanged from a week ago, down about $10 per ton from a month ago and down about $155 per ton from a year ago. In January-March 2014, Thailand exported about 2.2 million tons of rice, about 43% more than the same period in 2013, according to data from the Thai Rice Exporters Association. In terms of value, March 2014 exports
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
were about 6% higher month-over-month and about 16% higher year-over-year. FAO predicts Thailand will secure a large portion of world demand in 2014-15, exporting about 8.7 million tons of rice, up 31% from 2013-14. Earlier this week, an attorney for caretaker Prime Minister Yingluck told the National Anti-Corruption Commission that its decision now to allow seven witnesses to take the stand and testify in defense of Ms. Yingluck was ―unfair and improper,‖ according to the Bangkok Post. He apparently threatened to sue the NACC members for ―abuse of authority,‖ a move that was interpreted by some as a direct threat to the NACC. On Wednesday, PM Yingluck and 9 other cabinet members were ousted by the Constitutional Court after being found guilty of abuse of power. The court claimed she improperly transferred her national security chief in 2011, a small technicality that has been used against her. On Thursday, she was found guilty by NACC of negligence for the rice mortgage scheme’s corruption. The NACC will forward the evidence to the Senate and if Yingluck is found guilty there, she may be banned from politics for 5 years. Meanwhile, many rice farmers in the country have still not received payment for their rice, and elections are scheduled to take place again on July 20. The Department of Foreign Trade plans to auction about 450,000 tons of rice on May 14, according to Reuters. It remains unclear whether the auction will proceed now that PM Yingluck and the cabinet have been ousted. The Economist writes, ―If Thailand is to avoid that catastrophe, both sides must now step back from the brink. The starting point is the devolution of Thailand’s highly centralised system of governance.‖ The publication recommends that Thailand have a democratically elected governor for all 76 provinces to encourage political compromise. India India 5% broken rice today quoted at about $420 per ton, unchanged from a week ago, down about $10 per ton from a month ago and down about $35 per ton from a year ago. Rice stocks in the central pool as of May 1 stood at around 28.41 million tons, down about 18% from the same time last year and down about 6% month-over-month, according to data from the Food Corporation of India. India has procured about 26.707 million tons of rice for the current Kharif Marketing Season (October 2013September 2014) as of May 5. India is targeting to procure about 34.3 million tons rice in current KMS2013-14, up slightly from 34 million tons procured in the KMS of last year. FAO predicts India’s rice exports in 2014-15 will decline by about 7% y/y to 9.8 million tons. Results of India’s election will be announced May 16.
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
Vietnam Vietnam 5% broken rice quotes are today shown at about $395 per ton, up about $5 per ton from a week ago, up about $10 per ton from a month ago and up about $15 per ton from a year ago. In the first three months of 2014, Vietnam has exported about 1.25 million tons of rice, down about 14% from the same period in 2013, according to the USDA. Comparing January-March 2014 with the same period a year ago, Vietnam rice exports to Asia are on the rise, up about 7% y/y, but are down for all other regions: Africa (down 64% y/y), Europe & CIS (down 47% y/y), Americas (down 52% y/y), and Australia (down 26% y/y). According to Reuters, Vietnam will load 65,000 tons of rice in late April early May, destined for Cuba and Africa. Pakistan Pakistan 5% broken rice ended the week at about $420 per ton, down about $5 per ton from a week ago, up about $10 per ton from a month ago and down about $15 per ton from a year ago. Pakistan rice exporters are urging the Trade Development Authority of Pakistan (TDAP) to reconcile rice trade with Mexico. Rice exports from Pakistan into Mexico have been banned since June 2013, when traces of the Khapra beetle were found in some rice shipments. Brazil There are no quotes available for Brazil 5% rice. It was last shown at around $665 per ton a week ago. The Brazilian paddy rice index maintained by CEPEA stood at about 35.98 real per 50 kilograms as of May 5, 2014, up about 1% from about 34.67 real per 50 kilograms recorded on April 28, 2014. In terms of USD per ton, the index stood at about $323 per ton on May 5, 2014, up about 1% from about $319 per ton recorded on April 28, 2014. FAO predicts Brazil rice production to increase about 8% from last year. Argentina 5% broken rice today quoted at about $625 per ton, unchanged from a week, a month and a year ago. U.S. U.S. 4% broken rice is today show at about $585 per ton, unchanged from a week and a month ago, and down about $45 per ton from a year ago. Chicago rough rice futures for July delivery were mostly quiet this week, starting the week at $15.465 per cwt (about $341 per ton) on Monday and reaching the week high of $15.595 (about $344 per ton) on Tuesday and
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
Wednesday both before settling closer to $15.430 on Friday (about $340 per ton). The market was especially quiet Tuesday night with not a single trade logged and July futures seem trapped in a sideways trend for the time being. The USDA estimates that as of May 4, 57% of the U.S. rice crop had been planted, about 4% ahead of last year but 8% behind the 5-year average. They estimate 39% of the rice crop has emerged. Cumulative net export sales for the week ending on May 1 totaled 33,100 tons, according to the USDA report. This is about 13% lower than the 4-week average, but considerably higher than last week’s numbers. U.S. rice exporters shipped 44,200 tons, 21% less than the previous week and 24% less than the prior 4-week average. Throughout the week, old crop offers hovered around $15.80 per cwt fob farm (about $348 per ton) for nearby shipment, but jumped to about $16.05 per cwt fob farm (about $354 per ton) for May-June shipment on Thursday, perhaps in anticipation of the WASDE report released Friday morning. Old crop bids from larger mills were around $15.30 per cwt (about $337 per ton) most of the week, and bids for exporters stayed about $15.50 per cwt (about $342 per ton). Some new crop offers could be found as low as $13.66 per cwt fob farm (about $301 per ton) for September-October delivery, but bids were closer to $13.25 per cwt fob farm (about $292 per ton), depending on location and schedule. Rice exporters in the U.S. are concerned about a recent decree published by the government of Colombia granting a large subsidy to Colombian rice millers that industry insiders told Oryza amounts to over $100 PMT basis milled rice. The Colombians say the subsidy is necessary to keep domestic rice competitive with rice imports, now that the free trade agreement between the U.S. and Colombia has been finalized. Other Markets Cambodia 5% broken rice is today shown at about $440 per ton, unchanged from a week ago and down about $15 per ton from a month ago. During the period January-April, Cambodia exported 120,291 tons of rice, up 1.5% from the same period last year. Rice stocks in the Philippines stood at about 2.18 million tons as of April 1, 22% more than last month but 6% less than the same time last year, according to the Bureau of Agricultural Statistics. PhilRice lauds the nation’s production growth in recent years, but smuggled rice imports have run rampant at about 2 million tons annually according to most estimates. The Agricultural Cabinet Secretary in Kenya said that the country will continue to import rice until local production can satisfy consumption demands, despite persistent rumors that Kenya will be banning rice imports. Liberia has suspended taxes on rice imports in efforts to control the increasing prices, according to the country’s Executive Mansion.
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
Between September 1 (the beginning of the 2013-14 crop year) and April 29, Italy has sold about 1,045,499 tons of paddy, about 72% of total paddy available. Crimea’s entire rice crop has been lost due to water shortages, according to the Russian media. Crimea usually produces about 85,000-120,000 tons of rice, but nearby Krasnodar Territory should be able to provide Crimea with enough rice. The USDA Post in Egypt is reporting that smuggled Egyptian rice is reaching the Arabian Gulf and Africa illegally. Egypt has used an export licensing system since September 2012 that these exports are bypassing, and the government was considering lifting the ban on unlicensed exports as recently as March 2014 in order to revive the economy. Paddy rice production in Sri Lanka is expected to reach 3.8 million tons in 2014, about 19% lower than last year and 8% lower than the five-year average, according to a FAO GIEWS Country Brief.
Tags: Oryza White Rice Index (WRI), global rice news, global rice prices, Rice market
Oryza Rice Currency Analysis for Today – Euro Plunges 0.6% May 09, 2014
U.S. dollar index was up +0.62% from the open today, when it traded at 79.858 at the close. Euro was weaker -0.58% by the close, trading around 1.3759 by end of day, after trading between an intraday high of 1.3845 and low of 1.3745. Thai baht was weaker -0.41%, trading at 32.624 at the close of business. Indian rupee was stronger +0.06% at 60.0250. Brazilian real was stronger +0.12% at the close of trading today, trading at 2.2124 reais per dollar. Pakistan rupee was +0.02% stronger at 98.5713. Vietnamese dong was +0.01% stronger at 21100. Mexican peso was stronger +0.02% today, when it traded at 12.9450 pesos per dollar by the close of business. Chinese yuan was almost unchanged, trading at 6.2275.
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
Argentine peso was weaker -0.02% at 8.0037 pesos per dollar. Tags: euro dollar, foreign exchange rates, rice currencies, Global rice trade
Oryza Afternoon Recap - Chicago Rough Rice Futures Finish Week on a Negative Note as Market May Have Topped Out On Mid-Week Bounce May 09, 2014
Chicago rough rice futures for Jul delivery settled 7 cents per cwt (about $2 per ton) lower at $15.430 per cwt (about $340 per ton). The other grains finished the day with mixed results, as soy products continue to recover from recent losses and corn and wheat suffered renewed selling pressure; soybeans closed about 1.2% higher at $14.8700 per bushel; wheat finished about 1.7% lower at $7.2250 per bushel, and corn finished the day about 1.7% lower at $5.0750 per bushel.U.S. stocks mostly rose on Friday, with both the Nasdaq and S&P 500 still on track for weekly losses, as the health care sector led an afternoon reversal in direction. Erasing a 52-point fall, the Dow Jones Industrial Average was lately up 7.22 points, or 0.1%, at 16,558.19. The S&P 500 fell nearly 1 point to 1,874.74, with utilities the worst performing and health care the best among its 10 major industry groups. The Nasdaq added 3.47 points, or 0.1%, to 4,055.98, a level that has it down 1.7% from last Friday's close. Wall Street continued its slide amid data that had U.S. wholesale inventories rising 1.1% in March, versus a 0.4% estimate. Gold is trading unchanged, crude oil is seen trading about 0.2% lower, and the U.S. dollar is seen trading about 0.6% higher at about 1:00pm Chicago time.Thursday, there were 251 contracts traded, down from 314 contracts traded on Wednesday. Open interest – the number of contracts outstanding – on Thursday increased by 86 contracts to 8,142. Tags:U.S. rice prices; U.S. rice market; Chicago rough rice futures
FAO Global Rice Price Index Declines 1% m/m in April 2014 May 09, 2014
The FAO all rice price index declined 1% to about 236 point in April 2014, from about 238 point in March 2014 due to a decline in price indices for both Indica and Japonica rice. High quality Indica rice index declined about 1.2% to 204 point in April 2014 from 207 points recorded in March 2014. Japonica rice index declined by about 1% to about 268 points in April 2014, from last month. Meanwhile Aromatic rice price index remained unchanged at 264 point in April 2014, from last month.During January-April 2014, the FAO all rice price index stand at about 235 points, down about 1% from about 237 points recorded in the same period last year, mainly due to softness in Thailand rice export prices.
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
During the period, Indica rice price index for high quality rice is declined by about 8.2% y/y, Indica rice price index for low quality is declined by about 17.2% y/y and Aromatic rice index decline by about 1.5% y/y. On the other side, Japonica rice price index for the period January-April, 2014, rose by about 14.4% y/y.According to the FAO, Thailand rice export prices decline sharply during January- April, 2014, from last year. Thailand A1 super rice export price are decline by about 44% in first four month of 2014, from last year, while Thailand 5% broken rice price decline by about 26% during January-April, 2014, from same period last year. Tags: Food and Agricultural Organization (FAO), Asia rice prices
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
Thailand Government to Auction 450,000 Tons of Rice Next Week; Will Auctions Continue after Yingluck Ouster? May 09, 2014
Thailand's Department of Foreign Trade (DFT) plans to sell about 450,000 tons of rice on May 14, 2014; according to the Reuters. It’s unclear if the recent ousting of caretake PM Yingluck will disrupt scheduled auctions.According to the DFT, Thailand has exported about 2.1 million tons of rice during January- April 4, 2014, up about 28% from same period last year; the Thai Rice Exporter Association (TREA) reported that exports January-March were 2.2 million tons, up 43% y/y. The DFT said the Thailand Commerce Ministry would be able to return about Baht20 billion (about $615 million) to the farmers under the rice pledging program by end of this month; that’s about one-fourth of what remains outstanding.The DFT expect that Thailand rice export tonnage will reach at about 10 million tons by the end of 2014, making Thailand the world's largest rice exporter. Separately, TREA expects that Thailand could export about 8.5 million tons rice in current year, due to lower rice export expected from India. Tags: Thailand rice mortgage scheme, thailand prime minister Yingluck, Thailand rice auctions
Oryza Overnight Recap - Chicago Rough Rice Futures Remain Trapped in Sideways Trend as Fundamentals Fail to Provide Direction May 09, 2014
Chicago rough rice futures for Jul delivery were paused 3 cents per cwt (about $1 per ton) higher overnight at $15.530 per cwt (about $342 per ton) as of 8:00am Chicago time. The other grains are seen lower this morning ahead of floor trading in Chicago: soybeans are currently seen about 0.1% lower, wheat was paused about 1% lower, and corn is noted about 0.3% lower. U.S. stock index futures pointed to a lower open on Wall Street on Friday, with the Nasdaq Composite positioned for weekly losses, with chip manufacturer Nvidia among the technology companies hit after reporting quarterly results. Asian and European shares were pushed lower by developments in eastern Ukraine. Ukrainian pro-Russian rebels announced they would continue with a succession referendum this weekend, despite Russian President Vladimir Putin asking them to call it off. More street clashes are expected on Friday as Ukraine celebrates "Victory Day." In Asia, Chinese consumer price inflation came in below expectations. Inflation rose an annualized 1.8 percent in April, under estimates for a 2 percent gain and less than March's 2.4 percent rise. U.S. stock index futures are currently trading about 0.2% lower, gold is currently trading about 0.3% higher, crude oil is seen trading about 0.4% higher, and the U.S. dollar is currently trading about 0.5% higher at 8:00am Chicago time.
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
Tags: U.S. rice prices; U.S. rice market; Chicago rough rice futures
Philippines Rice Stocks Stand at 2.18 Million Tons as of April 1, 2014; Up 22% from Last Month,Down 6% from Last Year
Total rice stocks in the Philippines as of April 1, 2014 reached at about 2.18 million tons, down about 6% from about 2.32 million tons recorded during the same time last year, and up about 22% from March 2014, according to the Bureau of Agricultural Statistics (BAS). The BAS said that household stocks (which account for about 54.4% of total rice stocks in the country) have reached at about 1.19 million tons as of April 1, 2014, up about 11% from year-ago levels of about 1.07 million tons. Commercial warehouse rice stocks (which account for about 21.8% of total stocks) have reached at about 480,000 tons as of April 1, 2014, down about 29.4% from about 670,000 tons recorded in last year. The rice stocks with the National Food Authority (NFA) (which account for 23.8% of total stocks) stood at about 520,000 tons, down about 11% from about 580,000 tons recorded in last year. Month-over-month, stocks in commercial warehouses are up by about 26% m/m, NFA rice stocks - in which about 85.5% are imported rice - are up by about 13% m/m and household stocks are up by about 25% m/m from the previous month levels, according to the BAS. The Philippines' rice stocks as of April 1, 2014 are enough to last for 64 days (household stocks are enough for 35 days,
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
commercial warehouses stocks are enough for 14 days and stocks with NFA are enough for 15 days), according to the BAS.
Vietnam Rice Sellers Increase Some Quotes; Other Asia Rice Quotes Unchanged Today May 09, 2014
Vietnam rice sellers increased their quotes for 5% broken rice and 100% broken rice by about $5 per ton and $10 per ton respectively to about $390 - $400 per ton and $325 - $335 per ton respectively today. Other Asia rice sellers kept their quotes mostly unchanged. 5% Broken Rice Thai 5% rice (of new crop) is quoted around $370 - $380 per ton, about $20 per ton discount to Viet 5% rice shown around $390 - $400 per ton, up about $5 per ton from yesterday. Indian 5% rice is quoted around $415 - $425 per ton, on par with Pak 5% rice quoted around $415 - $425 per ton. 25% Broken Rice Thai 25% rice of the old crop is quoted about $340 - $350 per ton, about a $15 per ton discount to Viet 25% rice shown around $355 - $365 per ton. Indian 25% rice is quoted around $370 - $380 per ton, on par with Pak 25% quoted around $370 - $380 per ton. Parboiled Rice Thai parboiled rice of the old crop is quoted around $405 - $415 per ton. Indian parboiled rice is quoted around $395 - $405 per ton, about $40 per ton discount to Pak parboiled rice quoted around $435 - $445 per ton. 100% Broken Rice Thai broken rice, A1 Super, of the old crop is quoted around $300 - $310 per ton, about a $25 per ton discount to Viet broken rice shown around $325 - $335 per ton, up about $10 per ton from yesterday. Indian broken sortexed rice is quoted around $300 - $310 per ton, about a $25 per ton discount to Pak broken sortexed rice quoted around $325 - $335 per ton. Tags: asian rice export quotes, asian rice quotes, asian rice prices
For Advertising SPECS & RATES Contact: Advertising Department Mujahid Ali mujahid.riceplus@gmail.com +92 321 369 2874
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874